NEW YORK--(BUSINESS WIRE)--Fitch Ratings has withdrawn its 'AA' implied unlimited tax general obligation (ULTGO) bond rating for the city of Sebastian, FL. Pursuant to criteria, Fitch assigned the implied rating in conjunction with its rating on the city's series 2003 and 2003A sales surtax revenue bonds and series 2003 stormwater utility revenue bonds, which have now been repaid in full. Therefore, the implied ULTGO rating is no longer considered by Fitch to be relevant to the agency's coverage.
Additional information is available at 'www.fitchratings.com'.
In addition to the sources of information identified in Fitch's Tax-Supported Rating Criteria, this action was additionally informed by information from Creditscope, University Financial Associates, S&P/Case-Shiller Home Price Index, IHS Global Insight, and the National Association of Realtors.
Tax-Supported Rating Criteria (pub. 14 Aug 2012)
U.S. Local Government Tax-Supported Rating Criteria (pub. 14 Aug 2012)